Your Virtual Credit Manager

FEBRUARY 25, 2025

This creates cash flow shortages, an increased risk of bad debt, and a significant work requirement to mitigate the impact of late payments. The Impact of Bad Debts The problem with larger customers who chronically pay late is the increased probability of a bad debt loss, which is costly.

Bad Debt 130

Bad Debt Credit and Collections DSO Debt Collections 130

Your Virtual Credit Manager

NOVEMBER 14, 2023

It affects the level of bad debt loss (uncollected Accounts Receivables) you suffer. Selling only to financially strong customers reduces the risk of bad debt loss, (and the cost of Credit and Collections activity required). The increased risk of a significant bad debt loss that your firm bears.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Emagia

MARCH 3, 2025

Customer Relationship Management : A structured AR process helps maintain transparency and fosters trust between businesses and customers. Financial Stability : Reducing outstanding receivables minimizes bad debts and improves financial health. Use automated reminders to reduce delays.

DSO 40

DSO Days Sales Outstanding AR Reporting Credit and Collections 40

Emagia

FEBRUARY 5, 2023

If the automated AR application can alert the collection team about the probability of any payments getting overdue, they can proactively reach out to such customers to try mitigating the risk of a likely payment defaults. Being able to raise correct invoice on time helps you get paid on time.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Gaviti

FEBRUARY 6, 2023

Digitalizing manual AR processes can be the single biggest improvement an AR team makes to its workflow, though care must be taken to make changes carefully and deliberately, lest the transformative nature of automation disrupts more processes than was originally intended.

AR Automation 52

AR Automation DSO Accounts Receivable (AR) Days Sales Outstanding 52

Serrala

MARCH 14, 2024

With our AI-powered cash application, AP automation, collections and disputes, and Bill Pay solutions, your company can achieve high AR automation, collections, and payment matching rates of up to 99%. sites/default/files/styles/webp/public/202403/bg-industry-desktop.jpeg.webp?itok=sioB6G6S section-marketo-background').length>0){

Credit and Collections 52

Credit and Collections Automated Cash Application Cash Applicator Bad Debt 52

Serrala

MARCH 14, 2024

With our AI-powered cash application, collections and disputes, credit risk management, and Bill Pay solutions, your company can achieve high AR automation and payment matching rates of up to 99%. sites/default/files/styles/webp/public/202403/bg-industry-desktop.jpeg.webp?itok=sioB6G6S section-marketo-background').length>0){

Credit and Collections 52

Credit and Collections Bad Debt Credit Risk AR Automation 52